Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: gao seng who wrote (222311)	1/25/2002 7:34:14 PM
From: JEB	Read Replies (1) \| Respond to of 769670

Yes, I know about the smoke and mirror routine called campaign finance reform. Too bad the existing laws didn't stop them from taking money from the wrong people in the 90's. What a crock. What a waste of paper. Some of the contributions raised were already considered illegal. No organization is fined. No one is jailed for there past indiscretions. There is no law to the powerful. So, why would anybody who breaks these new rules (they are about to create) worry about the legality of their indiscretions. After all, they make the laws, ...you don't seriously expect them to live by them too, do you?

To: gao seng who wrote (222311)	1/25/2002 7:59:08 PM
From: JEB	Read Replies (1) \| Respond to of 769670

Try to remember back to that time. We believed our economy was bullet-proof. We believed we could tweak this and that to help certain parts of the economy. Oil was too low for quite some time which had fueled the great expansion of the 90's but was hurting the oil and gas industry (i.e. Enron, as well as countries such as Russia). AG had pumped too much money into the economy for Y2K (which turned out to be a bust as threats go), so he had to recover a lot of that extra money for fear of inflation. I can see President Clinton under these conditions, viewing a temporary raise in price as a winning idea to boost the Russian economy (Long Term Capital Management) and our own oil industry (Enron). I believe it started as a temporary thing and bloomed into a crisis (more money, ...more money, ..more money).